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<br />Loan No: 611498
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<br />MORTGAGE
<br />(Continued)
<br />
<br />200600 109page 7
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<br />Note. The word "Note" means the promissory note dated December 23, 2005, in the original principal
<br />amount of $1,720,000.00 from Grantor to Lender, together with all renewals of, extensions of,
<br />modifications of, refinancings of, consolidations of, and substitutions for the promissory note or agreement. The
<br />maturity date of this Mortgage is December 15, 2015. NOTICE TO GRANTOR: THE NOTE CONTAINS A VARIABLE
<br />INTEREST RATE.
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<br />Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal
<br />property now or hereafter owned by Grantor, and now or hereafter attached or affixed to the Real Property;
<br />together with all accessions, parts, and additions to, all replacements of, and all substitutions for, any of such
<br />property; and together with all proceeds (including without limitation all insurance proceeds and refunds of
<br />premiums) from any sale or other disposition of the Property.
<br />
<br />Property. The word "Property" means collectively the Real Property and the Personal Property.
<br />
<br />Real Property. The words "Real Property" mean the real property, interests and rights, as further described in this
<br />Mortgage.
<br />
<br />Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan
<br />agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security
<br />deeds, collateral mortgages, and all other instruments, agreements and documents, whether now or hereafter
<br />existing, executed in connection with the Indebtedness.
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<br />Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and
<br />other benefits derived from the Property.
<br />
<br />GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MORTGAGE, AND GRANTOR AGREES
<br />TO ITS TERMS.
<br />
<br />GRANTOR:
<br />
<br />INREIT PROPERTIES lllP
<br />
<br />By: 4p'~
<br />RAND WEST ,General Partner of INREIT PROPERTIES lllP
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<br />PARTNERSHIP ACKNOWLEDGMENT
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<br />On this f}. 3 day of lJ..A..(..... ._' 20 l>S , before me, the undersigned
<br />Notary Public, personally appeared RANDY WESTBY, General Partner of INREIT PROPERTIES lllP, and known to me
<br />to be a partner or designated agent of the partnership that executed the Mortgage and acknowledged the Mortgage to
<br />be the free and voluntary act and deed of the partnership, by authority of statute or its Partnership Agreement, for the
<br />uses and urpo es therein mentioned, and on oath stated that he or she is authorized to execute this Mortgage and in
<br />fact ex te e M age n ehalf t part ership.
<br />
<br />STATE OF
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<br />)
<br />) SS
<br />)
<br />
<br />COUNTY OF
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<br />By
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<br />- -
<br />
<br />...
<br />~ WESLEY N. BLACK
<br />4 Notary PM:Ifl6ommission e ~res
<br />4 State of North Dakota .
<br />4 My CommIssIon Expires October 19, 2011 ~
<br />
<br />LA5EA PRO I,.lII1ding. Vl!!Jr. 5.28.00.004 CUllr. Harland fll'lllrlclel $QILJliQne, Inc. 1997, 2006. All Flighlll R~i1~r\fed.
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<br />- NO c:\CFI\l..PI.\G03.FC TR-l10638 PR-64
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